Cydia

A Jury may have awarded Apple $1 billion in damages, but the market is already piling on in the first day of trading after the decision.

Samsung shares are down seven percent marking the largest single-day decline in just under five years for the company. While Samsung likely expected to take a hit, this is only the first day after the decision, and the appeals process hasn’t even started. Not to mention a possible sales ban still looms over the case which could further punish the company’s stock.

"An adjustment in the next few days is unavoidable as the damage amount was much bigger than market expectations, and there are further uncertainties, such as the possibility of a sales ban." — John Park, from Daishin Securities.

Even if the appeals process fails and Samsung puts the case behind them the Galaxy S 3 phone could still be targeted by Apple in a future suit. If Apple could successfully win a sales ban on Samsung’s flagship phone, the damage could be increasingly severe.

However, Apple should think twice before crippling one of their largest and most reliable component suppliers.

So true! Now this is actually obvious (unlike apple designs) but the Brits don't seem to understand that yet.

Please correct your self on that! I am Scottish and I see that Samsung not only copied apple but done so purely to sell phones cause apple came up with a simple reliable phone that changed market rules! And Samsung ain't stupid apple is one of their biggest customers and divisions that supply apple will continue to do so! That won't stop Samsung continue to over turn this judgment though! And going by the memo they sent staff today they seem to be still crying!

Do you hear of companies suing each other like this when it comes to TVs? DVD players? PCs? Watches? All these items have many similarities and there's only so many ways you can design them. At this point Samsung marketshare is bigger than apples, and apple is simply trying to stop them at all cost. I own the iPhone 3G, 3GS, 4, 4s & soon the 5. Just because I like apples "mobile" devices doesn't mean I have to like them as a company. The reason Apple has given us what we want on our phones, is because of companies like Samsung. If it wasn't for competition we would still be waiting for SMS or copy & paste on the iPhone. Stop being such fanboys.

Do you hear of companies suing each other like this when it comes to TVs? DVD players? PCs? Watches? All these items have many similarities and there's only so many ways you can design them. At this point Samsung marketshare is bigger than apples, and apple is simply trying to stop them at all cost. I own the iPhone 3G, 3GS, 4, 4s & soon the 5. Just because I like apples "mobile" devices doesn't mean I have to like them as a company. The reason Apple has given us what we want on our phones, is because of companies like Samsung. If it wasn't for competition we would still be waiting for SMS or copy & paste on the iPhone. Stop being such fanboys.

Do you hear of companies suing each other like this when it comes to TVs? DVD players? PCs? Watches? All these items have many similarities and there's only so many ways you can design them. At this point Samsung marketshare is bigger than apples, and apple is simply trying to stop them at all cost. I own the iPhone 3G, 3GS, 4, 4s & soon the 5. Just because I like apples "mobile" devices doesn't mean I have to like them as a company. The reason Apple has given us what we want on our phones, is because of companies like Samsung. If it wasn't for competition we would still be waiting for SMS or copy & paste on the iPhone. Stop being such fanboys.

You hit the cherry bro! 99% of apple fanboys would never have a thought of that! They love to ride on the hate fad, I as well owned ipod, 3g/s ip4/s ipad 1&2 but I dont like apple as a company! I owned galaxy 10.1 too and galaxy s2, lately just bought a galaxy s3 and man s3 can slap iphone 4s all day long!

Please correct your self on that! I am Scottish and I see that Samsung not only copied apple but done so purely to sell phones cause apple came up with a simple reliable phone that changed market rules! And Samsung ain't stupid apple is one of their biggest customers and divisions that supply apple will continue to do so! That won't stop Samsung continue to over turn this judgment though! And going by the memo they sent staff today they seem to be still crying!

I'm just being spiteful against the British court system because Judge Colin Birss considered Apple designs obvious... The greatest ideas always seem obvious, after someone else comes up with the idea and markets it.

Do you hear of companies suing each other like this when it comes to TVs? DVD players? PCs? Watches? All these items have many similarities and there's only so many ways you can design them. At this point Samsung marketshare is bigger than apples, and apple is simply trying to stop them at all cost. I own the iPhone 3G, 3GS, 4, 4s & soon the 5. Just because I like apples "mobile" devices doesn't mean I have to like them as a company. The reason Apple has given us what we want on our phones, is because of companies like Samsung. If it wasn't for competition we would still be waiting for SMS or copy & paste on the iPhone. Stop being such fanboys.

Totally agree, Google should sue apple for stealing the sending pic messages part of SMS as well. How long did it take for apple to actually have a good mms app?years! Oh and how long did it take for apple to have custom ringtones? Years. So yes apple did copy a lot of googled ideas too

You hit the cherry bro! 99% of apple fanboys would never have a thought of that! They love to ride on the hate fad, I as well owned ipod, 3g/s ip4/s ipad 1&2 but I dont like apple as a company! I owned galaxy 10.1 too and galaxy s2, lately just bought a galaxy s3 and man s3 can slap iphone 4s all day long!

I actually think the jailbreak community had more to do with this than Samsung and their phones or the android os. I believe all the truly inspiring innovations and features appeared via jailbreak first. .

I'm hoping to see the S3 fall to $ 99 before the 5 hits. I'm sure they don't want to get stuck with hundreds of thousands of unsold units so dumping them now makes sense to me.

In your dreams fan boy., in you dreams. The Galaxy S III is troll proof and is better than the yet to be released iPhone 5 or 4ss or whatever it will be called.

There is some light at the end of the rainbow for you though, Android devices traditionally drop in prices over time because unlike iOS there's something new each and every month. So you can get an SIII for $99 in a few months--and yes, it will still be better than an iPhone.